Question
Assume you are a project cost engineer calculating the cost of a repetitive activity for your project. There are a total of 20 iterations of
Assume you are a project cost engineer calculating the cost of a repetitive activity for your project. There are a total of 20 iterations of this activity required for the project. The project activity takes 2.5 hours at its steady rate and the learning rate is 75%. Calculate the initial output time for the first unit produced, using the learning curve formula:
Y=ab
b=log decimal learning rate/log 2
I get the log decimal from the chart below (.288), but how do I figure out the value for log2?
Learning Curve Coefficient Table
70% | 75% | 80% | 85% | |||||
Unit Rate | Unit Time | Total Time | Unit Time | Total Time | Unit Time | Total Time | Unit Time | Total Time |
5 | .437 | 3.195 | .513 | 3.459 | .596 | 3.738 | .686 | 4.031 |
10 | .306 | 4.932 | .385 | 5.589 | .477 | 6.315 | .583 | 7.116 |
15 | .248 | 6.274 | .325 | 7.319 | .418 | 8.511 | 530 | 9.861 |
20 | .214 | 7.407 | .288 | 8.828 | .381 | 10.485 | .495 | 12.402 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started